It seems that there will be a market that could develop around "L1 insurance". Where a large capital allocator collects on "insurance" and promises you exit support during times of congestion/high fees where an average user cannot afford to exit from one of the aforementioned "bitcoin banks". Inspired thought by:

Delving Bitcoin

Thoughts on scaling and consensus changes (2023)

Back in June, AJ published an underread blogpost about scaling. I’ll do a hasty job of paraphrasing the post – which you should read in full �...

@Logan is the real TFTC Logan. He confirmed on air.

fedimint ecash is going to scale bitcoin to another level.

vibing to Public Enemy and doing fedimint shit. wyd?

🥲

OpenSats

Grants for BDK, LNbits, Nostr, and More!

OpenSats is providing grants to 8 additional open-source projects in the bitcoin and nostr ecosystem.

Anyone want to setup a test Fedimint on MutinyNet today around 12pmET?

DEVS OF NOSTR, https://github.com/fedimint/fedimint/blob/master/docker/tls-download-mutinynet.sh If you want to run a Fedimint, start here by dissecting this bash script. Then bring your bitches, gripes and moans about it to the Issues tab of our repository. Highly recommend it.

Tell me why my idea sucks so we can make it better: Fedimint Ded Drp - Allow a user to send ecash to npub 1. Encrypt using nostimint’s npub and send to nostimint a. npub of recipient b. ecash is encrypted with npub of recipient 2. deddrp creates contract (similar to LN gateway) 3. Recipient queries for any outstanding contracts for their npub 4. Receives encrypted ecash after “unlocking” contract 5. decrypt, then use ecash as normal Was thinking about nostr and fedimint and thought that a whitelist of npubs just creates an account model that is no bueno for privacy. The cryptographic primitives don't have to be nostr either, you could encrypt Step 1.b with any sort of key material. (I think)

Targeting x86 from an ARM M1 MBP is not fun.

TIL you can listen to Fedimint dev calls as a podcast on FountainFM.

Fountain: Podcasts & Music

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PSA: No UASF is needed for Fedimint.